Casey’s General Stores, Inc. $CASY Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 57.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,800 shares of the company’s stock after buying an additional 6,894 shares during the period. Intech Investment Management LLC’s holdings in Casey’s General Stores were worth $10,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Casey’s General Stores by 179,938.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,659,164 shares of the company’s stock worth $1,469,747,000 after buying an additional 2,657,687 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Casey’s General Stores by 35.4% during the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after buying an additional 206,777 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Casey’s General Stores by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock worth $420,416,000 after buying an additional 52,250 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Casey’s General Stores by 7.0% during the 3rd quarter. Franklin Resources Inc. now owns 758,212 shares of the company’s stock worth $428,632,000 after buying an additional 49,319 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Casey’s General Stores by 5.0% during the 3rd quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock worth $287,182,000 after buying an additional 24,091 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Down 1.8%

Shares of NASDAQ CASY opened at $767.14 on Friday. Casey’s General Stores, Inc. has a 12-month low of $433.16 and a 12-month high of $901.00. The company has a market cap of $28.35 billion, a P/E ratio of 44.04, a P/E/G ratio of 2.16 and a beta of 0.65. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $780.50 and a 200 day moving average price of $667.59.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. Research analysts anticipate that Casey’s General Stores, Inc. will post 18.19 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.57 per share. The ex-dividend date was Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

Analysts Set New Price Targets

CASY has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. KeyCorp upped their price objective on Casey’s General Stores from $830.00 to $860.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. William Blair initiated coverage on Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating for the company. Finally, BMO Capital Markets restated a “market perform” rating and set a $700.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $752.36.

Insider Activity

In other news, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mike Spanos bought 300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.